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China Netcom added 625,000 broadband Internet users, while losing 302,000 fixed-line phone subscribers in July. By the end of the seventh month, China Netcom had a total of 23.98 million broadband subscribers and 108.208 million fixed-line users.

Lisa

from b2bsee * Asia - Europe Business

The last day for dealings of China Netcom shares is tentatively scheduled for October 6, according to a joint-announcement released by China Unicom and China Netcom on Thursday. Netcom is expected to withdraw its Hong Kong and New York listings on October 15, according to the timetable. China Netcom will become a wholly-owned subsidiary of China Unicom with the closing of the merger, also set for October 15.

Lisa

from b2bsee * Asia - Europe Business

China Mobile subsidiary Shanghai Mobile's testing of its new TD-HSDPA network in 2,000 Shanghai locations revealed Internet speeds approaching 1.5 Mbps. Shanghai Mobile subscribers can install a TD-HSDPA network card in their laptops to reach Internet speeds of 1 Mbps. Shanghai Mobile recorded average network speeds of 816.8 Kbps near the city's Olympic venues.

Lisa

from b2bsee * Asia - Europe Business

China Unicom Limited announced more details regarding its proposed acquisition of China Netcom on Wednesday. At the completion of the merger, expected to be October 15, China Netcom will become a wholly-owned subsidiary of China Unicom with Netcom BVI, the immediate controlling shareholder of China Netcom, taking approximately 29% stake in China Unicom. The resulting company will be renamed China Unicom (Hong Kong) Limited.

The merged company, with its anticipated 3G license, may see wireless capital expenditure reach RMB 100 billion in 2009 and 2010. Existing annual caps for China Unicom subsidiary China Unicom Corporation Limited to spend on equipment procurement in 2008 and 2009 are RMB 75 million and RMB 95 million, respectively.

The agreement details new continuing connected transactions including engineering and information technology services agreement with proposed maximum spending of RMB 4.4 billion for each of the three years between 2008 and 2010 and a support services agreement capped at RMB 1.5 billion for each of three years.

China Netcom may spend as much as RMB 15 billion on the replacement of copper cables with fiber optics within the next three to five years.

Lisa

from b2bsee * Asia - Europe Business

Transaction volume on official Olympics e-commerce platform 2008eshop.cn, the exclusive electronic shop opened by the Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG), had reached RMB 30.79 million by August 10 after recording 65.79 million clicks and 18,565 orders. The platform currently sells products in over 4,000 categories to consumers in 1,238 cities nationwide. 2008eshop.cn went online on July 30, 2007.

Lisa

from b2bsee * Asia - Europe Business